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Technology Stocks : Seagate Technology

STX 279.35

+0.3%

Nov 7 4:00 PM EST

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To: Reseller Mike who wrote (7430)	6/6/2006 7:35:58 AM
From: sixty2nds	of 7841

05:39 STX Seagate insiders bailing out of shares - Barron's Online (23.00 ) Barron's Online reports Silver Lake Partners collected $86.4 mln in proceeds selling 3.75 mln shares of Seagate (STX) in the open market in May, according to the SEC. The shares were priced at $23.04 and the transaction trimmed Silver Lake's stake to about 28 mln shares. Meanwhile, in the last 90 days, five top Seagate executives sold about 583,000 shares in the open market for nearly $1.4 mln mostly under 10b5-1 trading plans adopted in January, according to the SEC and Thomson Financial data. About 70% of the shares sold were acquired through options priced from $2.30 to $9.31.

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